Fed rate cut looms—a September slash is expected, but the size of the cut is unknown

Quick Summary:

The latest consumer price report "checked the box” for the Fed to start cutting rates in September, according to TD Securities’ strategists led by Oscar Munoz and Gennadiy Goldberg.

The latest consumer price report “checked the box” for the Fed to start cutting rates in September, according to TD Securities’ strategists led by Oscar Munoz and Gennadiy Goldberg.

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Article Details

Author / Journalist: Rita Nazareth, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Debt Economy Mortgage rates Politics Jerome powell Fed interest rates Federal Reserve Real estate Interest Rates Mortgages Donald Trump The Biden administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 22:12:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 29 words

Reading Time: 1 minutes read

Sentences: 29 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 22081418

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 30 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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